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Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.

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CEOs, Retired Generals Push to Curb Oil Reliance
Public Policy; Political and Legal NewsAn influential private group of corporate chief executives and retired generals is telling lawmakers on Capitol Hill to "think big" on energy.


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Posted on Wednesday, January 31 @ 01:44:38 PST by Waegari
 
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Most read story about Public Policy; Political and Legal News:
ARE We Out of Gas Yet?
 
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